AG Events » First Investment Allocations

Thank you for coming to my rescue! I'm a new member on this forum and if you haven't read the title, I'm pretty new to all this. I recently started contributing to my retirement and I've done a lot of research regarding manually selecting a portfolio. Naturally, I went to find the index funds that were commonly mentioned in my research (VTSAX, VFIAX, VTIAX, VTWAX). Since I don't see any of these and I'm unfamiliar with the selection choices I've given, I wanted to turn to this forum for help! I want to thank you for your time in advance and let you know that I really appreciate this!

Welcome to the forum! Great list of funds to choose from. Are you sure you want 100% equity? Let's say you had exactly $19000 in the account at the beginning of this week. Would you feel comfortable with it being worth about $16,000 at the close of business today? Now, let's say you have $190,000 in the account, you would be down about $30,000 at the close of business today. Had you held say 20% of the account in bonds, you'd be down but likely have about $164,000 in your account - the power of diversification is to spread your bets and have a smoother ride. Plus, you can earn a rebalancing bonus, if/when you have a significant decline of say 5% or more in the value of your equities, you can shift 5% from bonds into equities to pick up those cheaper shares. Something to think about!

Thanks for the clear explanation, Grt2bOutdoors and Duckie! I spent the weekend doing research based off your responses and it helped me learn a lot about why those suggestions were made.

I'm thinking about the age-20 in bonds and was wondering if 20% in bonds would be necessary for the time being? Would it hurt to reduce it to 10%? I think I'd be more comfortable now to be a little more aggressive. Again, I have a lot to learn so I really appreciate any suggestions/criticism.

You might find some of the courses interesting on their own. In order to actually be chartered as a CFA you need to meet a 4 year of qualifying experience requirement in addition to passing the exams. The specific qualifying experience requirement may discourage hobbyists from actually becoming chartered.

Go to your library and pick up some CFA exam prep or study books. You'll notice that a lot of the content has very little to do with actual investment and more about the rules and expectations. For several thousand you'd spend on a course, it's a wiser investment to focus on the items you care about and use a CFA/CFP for helping you fill out those gaps.

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